Quantinno Capital Management LP Acquires 38,713 Shares of The Lovesac Company $LOVE

Quantinno Capital Management LP increased its stake in The Lovesac Company (NASDAQ:LOVE) by 331.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 50,406 shares of the company’s stock after buying an additional 38,713 shares during the quarter. Quantinno Capital Management LP’s holdings in Lovesac were worth $744,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in Lovesac by 130.4% during the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock worth $35,000 after buying an additional 1,097 shares during the last quarter. Ancora Advisors LLC purchased a new position in Lovesac in the third quarter valued at about $146,000. XTX Topco Ltd bought a new position in shares of Lovesac during the 4th quarter valued at approximately $149,000. PFG Investments LLC bought a new position in shares of Lovesac during the 4th quarter valued at approximately $156,000. Finally, HRT Financial LP purchased a new stake in shares of Lovesac during the 4th quarter worth approximately $160,000. Institutional investors own 91.32% of the company’s stock.

Lovesac Trading Down 0.2%

Shares of LOVE stock opened at $17.07 on Wednesday. The stock has a market capitalization of $249.90 million, a P/E ratio of 65.65, a PEG ratio of 0.98 and a beta of 2.02. The firm’s 50 day moving average is $16.77 and its 200 day moving average is $15.15. The Lovesac Company has a 12 month low of $10.33 and a 12 month high of $20.88.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, topping the consensus estimate of ($1.03) by $0.27. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. The company had revenue of $138.20 million during the quarter, compared to the consensus estimate of $136.66 million. During the same period last year, the firm earned ($0.73) EPS. Lovesac’s revenue for the quarter was down .1% on a year-over-year basis. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. On average, equities analysts predict that The Lovesac Company will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LOVE shares. DA Davidson lifted their price target on shares of Lovesac from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Canaccord Genuity Group set a $22.00 target price on Lovesac in a research report on Thursday, June 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Lovesac in a research note on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lovesac currently has an average rating of “Moderate Buy” and a consensus target price of $22.67.

Insider Activity at Lovesac

In related news, Director Andrew R. Heyer purchased 30,000 shares of Lovesac stock in a transaction dated Thursday, June 18th. The stock was bought at an average cost of $14.68 per share, for a total transaction of $440,400.00. Following the completion of the transaction, the director owned 293,259 shares in the company, valued at $4,305,042.12. This trade represents a 11.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 33,550 shares of company stock valued at $490,146 over the last three months. 7.79% of the stock is owned by company insiders.

Lovesac Profile

Lovesac, trading on NASDAQ under the symbol LOVE, is an American furniture company known for its modular seating systems and distinctive foam-filled “Sacs.” Founded in 1995 by Shawn Nelson, the company has built a reputation for innovative design that emphasizes comfort, durability and adaptability. Its core offerings include Sactionals—customizable sectional sofas assembled from individual “Sactional” cubes—and the original Lovesac Sacs, large fabric-covered bean bag chairs available in a variety of sizes and materials.

In addition to seating solutions, Lovesac has expanded into home entertainment products with the introduction of the Stage, a modular soundbar system designed to integrate seamlessly with Sactionals.